Category: Stock & Commodity

KARACHI: The stock market rebounded with 370 points on Tuesday after facing fall during past sessions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,964 points as against last day’s closing of 45,593 points, showing an increase of 370 points.

Analysts at Arif Habib Limited said that the market bounced back today prior to the Senate elections, which hold importance for the incumbent government.

Post announcement of majority of the financial results for the outgoing quarter, Investors have been booking profits on long held positions.

However, prospects of release of Funds on account of circular debt resolution prompted investors to take positions in energy chain (O&GMCs and Power).

 Buying activity was also observed in Banks, Steel, Refinery and Textile sector.

Among scrips, TRG led the volumes with 38.2 million shares, followed by ANL (31.3 million) and ASL (29.5 million).

Sectors contributing to the performance include Banks (+109 points), Technology (+65 points), Power (+56 points), O&GMCs (+53 points) and Textile (+29 points).

Volumes increased from 368.3 million shares to 399.2 million shares (+8 percent DoD). Average traded value also increased by 25 percent to reach US$ 145.5 million as against US$ 116.5 million.

Stocks that contributed significantly to the volumes include TRG, ANL, ASL, BYCO and GGL, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include TRG (+66 points), HUBC (+32 points), PSO (+31 points), HBL (+30 points) and BAFL (+27 points). Stocks that contributed negatively include LUCK (-28 points), DAWH (-15 points), EPCL (-9 points), POL (-9 points) and HMB (-8 points).

KARACHI: The stock market ended down by 272 points on Monday as selling pressure witnessed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,593 points as against last Friday’s closing of 45,865 points, showing a decline of 272 points.

Analysts at Arif Habib Limited said that the market saw a major draw down today by losing 772 points during the session.

Initially, the index gained 144 points, however, across the board selling pressure brought the index down. Supreme Court’s decision on Senate Election was viewed against the back drop of Govt.’s plea and concerned investors to keep the liquidity intact rather than hold on to positions.

TRG announced financial results today, which saw profit booking that brought the stock below LDCP. Among the few stocks that traded positive include STCL, MUGHAL, ATRL, NRL. Last half an hour saw brisk buying with index closing -255 points (unadjusted). Among scrips, ANL topped the volumes with 31.7 million shares, followed by TRG (24.6 million) and UNITY (21.1 million).

Sectors contributing to the performance include Banks (-103 points), Textile (-27 points), Pharma (-26 points), Power (-23 points), Technology (-19 points) and Chemical (+22 points).

Volumes declined from 479.9 million shares to 368.3 million shares (-23 percent DoD). Average traded value also declined by 29 percent to reach US$ 116.4 million as against US$ 162.8 million.

Stocks that contributed significantly to the volumes include ANL, TRG, UNITY, HUMNL and BYCO, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include EPCL (+18 points), COLG (+12 points), PAKT (+9 points), LUCK (+8 points) and ANL (+6 points). Stocks that contributed negatively include UBL (-39 points), HBL (-32 points), BAHL (-18 points), PSO (-13 points) and MARI (-12 points).

KARACHI: The stock market likely to trade in green as clouds of FATF-led uncertainty have dispersed besides ceasefire at Line of Control (LOC) may further boost investors’ sentiments.

Analysts at Arif Habib Limited said that the market to remain positive in the upcoming weeks as clouds of FATF-led uncertainty have dispersed and with only 3 action plans to be addressed, the likelihood of Pakistan exiting the Grey list in June 2021 are very bright.

Moreover, ceasefire across the line of control (LOC) with India is a massive feat on the political front and will further aid stability in the regional climate.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.2x (2021) compared to Asia Pac regional average of 17.1x and while offering DY of ~6.8 percent versus ~2.5 percent offered by the region.

The index remained under pressure this week in anticipation of FATF’s plenary meeting (scheduled 22nd to 25th February 2021), whereby Pakistan retained its status in the Grey List and has until June 2021 to meet 3 of the 27 initial action points.

Albeit, a relief rally was witnessed on Thursday as valuations opened up and robust dividend announcement from UBL lured bulls. Moreover, another CAD was posted in January 2021 at USD 229 million in January 2021 vs. USD 652 million in December 2020 while FDI for 7MFY21 underwent a 27 percent dip YoY to USD 1.145 billion compared to USD 1.577 billion in SPLY.

That said, the benchmark KSE-100 closed at 45,865 points, down by 0.8 percent or 363 points.

Sector-wise negative contributions came from i) Oil & Gas Exploration Companies (107 points), ii) Commercial Banks (105 points), and iii) Oil & Gas Marketing Companies (78 points). Whereas sectors that contributed positively include i) Cement (119 points), ii) Technology (53 points), and iii) Textile weaving (7 points). Scrip-wise negative contributors were OGDC (92 points), PSO (42 points) and NBP (41 points) while positive contributors included LUCK (160 points), TRG (56 points) and MEBL (28 points).

Foreign buying this week clocking-in at USD 0.3 million compared to a net sell of USD 0.6 million last week. Buying was witnessed in Cement (USD 2.6 million) and Technology and Communication (USD 2.2 million). On the domestic front, major selling was reported by Broker Proprietary Trading (USD 10.7 million and Mutual Fund (USD 4.9 million). Average volumes arrived at 589 million shares (down by 1 percent WoW) while average value traded settled at USD 159 million (up by 0.01 percent WoW).

KARACHI: The stock market fell by 101 points on Friday after trading in range bound activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,865 points as against last day’s closing of 45,966 points showing a decline of 101 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range today, oscillating between -213 points and +274 points.

FATF’s decision to maintain status quo for Pakistan till June 2021 saw a lukewarm welcome from Investors.

Profit booking was witnessed almost across the board, including Technology, Cement and Textile sector stocks, whereas O&GMCs faced aggressive selling, especially PSO, which has been facing wrath since announcement of financial results.

Cement sector stocks rallied earlier in the session on the back of anticipation of healthy sales in the ongoing month, however, profit booking by the end of session brought stock prices below LDCP (barring LUCK, which showed decent price gain).

Among scrips, UNITY realized trading volumes of 44.5 million shares, followed by TELE (36.6 million) and TRG (33 million).

Sectors contributing to the performance include E&P (-56 points), Technology (-33 points), Chemical (-31 points), Autos (-24 points), O&GMCs (-20 points) and Cement (+48 points).

Volumes increased from 468.9 million shares to 479.9 million shares (+2 percent DoD). Average traded value also increased by 11 percent to reach US$ 162.8 million as against US$ 147.1 million.

Stocks that contributed significantly to the volumes include UNITY, TELE, TRG, BYCO and HUMNL, which formed 33 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+57 points), HBL (+34 points), SEARL (+21 points), FFC (+18 points) and ANL (+16 points). Stocks that contributed negatively include OGDC (-54 points), TRG (-45 points), COLG (-30 points), NML (-16 points) and NBP (-13 points).

KARACHI: The stock market gained 603 points on Thursday owing to positive sentiments prevailed over status of Pakistan in FATF grey list.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,965 points as against previous day’s closing of 45,362 points showing an increase of 603 points.

Analysts at Arif Habib Limited said that the market took the cue from UBL’s financial results (with a declaration of Rs. 9.5/share dividend), which were announced in the pre-open session and added a total of 642 points during the session.

Besides, anticipation of FATF’s decision on Pakistan status on grey list helped the index move up.

Sentiment remained buoyed throughout the session and price gains were observed across the board. Among scrips, TELE led the table with 35.8 million shares, followed by BYCO (34.5 million) and UNITY (33 million).

Sectors contributing to the performance include Banks (+160 points), Cement (+145 points), Technology (+95 points), Fertilizer (+42 points) and Power (+41 points).

Volumes declined from 557.5 million shares to 469.0 million shares (-16 percent DoD). Average traded value also dipped 12 percent to reach US$ 146.8 million as against US$ 16.6 million.

Stocks that contributed significantly to the volumes include TELE, BYCO, UNITY, KEL and TRG, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include TRG (+96 points), LUCK (+87 points), UBL (+57 points), HBL (+50 points) and ENGRO (+27 points). Stocks that contributed negatively include MCB (-10 points), DAWH (-8 points), NML (-6 points), EFUG (-6 points) and PMPK (-5 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 366 points on Wednesday as market saw continuation of selling pressure in conventional top tier stocks and in addition bore pressure in roll-over heavy scrips as well.

The benchmark KSE-100 index closed at 45,363 points against previous day’s closing of 45,729 points, showing a decline of 366 points.

Analysts at Arif Habib Limited said that the market saw continuation of selling pressure in conventional top tier stocks and in addition bore pressure in roll-over heavy scrips (TRG & NETSOL) as well.

Similarly, NRL also saw significant selling that brought the stock to lower circuit a number of times, followed by recovery.

During the session, the index posted initial gains of 159 points, after which it went down by 523 points, eroding all the gains made earlier.

Banking sector saw an uptick in HBL, MCB and BOP. Cement sector stocks had LUCK posting nominal price gains. Among scrips, BYCO realized trading volume of 84.3 million shares, followed by TRG (47.3 million) and WTL (27.2 million).

Sectors contributing to the performance include E&P (-48 points), Fertilizer (-46 points), Textile (-41 points), Power (-38 points) and O&GMCs (-35 points).

Volumes declined from 718.2 million shares to 557.5 million shares (-22 percent DoD). Average traded value increased slightly by 3 percent to reach US$ 165 million as against US$ 159.2 million.

Stocks that contributed significantly to the volumes include BYCO, TRG. WTL, HUMNL and MDTL, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include HBL (+30 points), MEBL (+27 points), LUCK (+24 points), MCB (+14 points) and MARI (+11 points). Stocks that contributed negatively include OGDC (-32 points), ENGRO (-26 points), PSO (-24 points), NBP (-23 points) and HUBC (-22 points).

KARACHI: The stock market ended down by 161 points on Tuesday after trading in a narrow range activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,729 points as against previous day’s closing of 45,890 points showing a decline of 161 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between -227 points and +194 points, closing the session -161 points.

E&P sector remained positive throughout the session on the back of an uptrend in international crude oil prices, however, the upside in E&P stocks remained in check.

Banks, Cement, O&GMCs continued downtrend post announcement of half yearly / annual results. Technology stocks saw reversal after hitting session’s high and closed in red.

HASCOL announced increase in authorized share capital that insinuated a capital raise and saw profit booking with an eventual closing below LDCP. Among scrips, WTL led the table with 84.2 million shares, followed by BYCO (70.2 million) and MDTL (55.4 million).

Sectors contributing to the performance include E&P (+47 points), Fertilizer (+21 points), Textile (+21 points), Technology (-98 points) and Banks (-65 points).

Volumes declined from 722 million shares to 718.2 million shares (-0.5 percent DoD). Average traded value also declined by 2 percent to reach US$ 159 million as against US$ 162.1 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, MDTL, TRG and DCL, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+24 points), PPL (+23 points), OGDC (+16 points), ILP (+16 points) and HMB (+12 points). Stocks that contributed negatively include TRG (-90 points), HBL (-43 points), MEBL (-17 points), PSO (-14 points) and THALL (-13 points).

KARACHI: The stock market witnessed a decline of 338 points on Monday owing start of plenary session of Financial Action Task Force (FATF), which will decide about status of Pakistan.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,890 points from last Friday’s closing of 46,228 points, showing a decline of 338 points.

Analysts at Arif Habib Limited said that the market came down on the first day of the roll-over week, contributed mostly by banking sector stocks, where the disappointment reigns due to poor dividend distribution and anticipation of similar subdued result from UBL, scheduled to be announced on Wednesday.

FATF plenary session starts today with the anticipation of status quo, which has also caused a bit of concern among investors holding on to the positions in hope of positive conclusion.

Cement, Banks, O&GMCs and Fertilizer sectors saw selling pressure, whereas Tech stocks performed well. Among scrips, HUMNL topped the volumes with 114.3 million shares, followed by BYCO (109.1 million) and TRG (46.4 million).

Sectors contributing to the performance include Banks (-218 points), E&P (-81 points), Cement (-44 points), Fertilizer (-23 points) and Power (-21 points).

Volumes increased from 694.8 million shares to 722.1 million shares (+4 percent DoD). Average traded value also increased by 4 percent to reach US$ 162.1 million as against US$ 156.4 million.

Stocks that contributed significantly to the volumes include HUMNL, BYCO, TRG, MDTL and DCL, which formed 45 percent of total volumes.

Stocks that contributed positively to the index include TRG (+105 points), GATM (+12 points), BYCO (+8 points), GHGL (+6 points) and FML (+5 points). Stocks that contributed negatively include HBL (-74 points), UBL (-59 points), OGDC (-34 points), PPL (-24 points) and BAHL (-22 points).